'Expected utility hypothesis' diaporamas de présentation

Chapter 17 Choice Making Under Uncertainty

Chapter 17 Choice Making Under Uncertainty. Calculating Expected Monetary Value. The expected monetary value is simply the weighted average of the payoffs (the possible outcomes), where the weights are the probabilities of occurrence assigned to each outcome. Expected Value.

455 views • 34 slides

Risk and Uncertainty

Chapter Four: Decision Making Under Uncertainty ( Econ 512): Economics of Financial Markets Dr. Reyadh Faras. Risk and Uncertainty. Knight (1921): Risk: applies to events for which objective probabilities can be assigned.

595 views • 32 slides

241 views • 9 slides